Cryptocurrency ad investigation into famous names in the US

Star names advertised them on their social media accounts, without revealing that they received money from the crypto money companies in question.

The US Securities and Exchange Commission (SEC) announced the charges Wednesday.

Lohan and Paul settled with the authorities without admitting their guilt.

The commission announced that eight celebrities were accused of not revealing that they had advertised TRX and BTT but received money from it.

Six other famous names include Soulja Boy, Austin Mahone, Kendra Lust, Ne-Yo, and Aliaune Thiam, who are recognized in American popular culture.

All the famous names except Soulja Boy and Mahone made a deal with the authority for a total of $400,000.

Actress Lindsay Lohan, who has 8.4 million Twitter followers, called on her followers to invest in these crypto companies in a post.

It is recorded that Lohan, who shows Dubai as her residence address, paid a total of 40 thousand dollars.

It is recorded that YouTuber Jake Paul was fined 100 thousand dollars.

The cryptocurrency market was hit hard with the collapse of FTX in November.

In the joint statements made by the US Federal Reserve, the Federal Deposit Insurance Agency and the Financial Institutions Supervisory Bureau, it is emphasized that the crypto money activities of banks are closely monitored.

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